๐จ US Treasury Drops Bombshell: No Bitcoin Buys for Strategic Reserve
The crypto market just got rattled ๐ฑ after US Treasury Secretary Scott Bessent confirmed the government wonโt be buying Bitcoin for its Strategic Reserve.
๐ Instead, the US plans to build its$BTC stash using confiscated assets โ currently valued between $15Bโ$20B. Even bigger news? Theyโll stop selling $BTC from their holdings.
โก Market Impact:
Bitcoin spiked to a new$ATH above $124K ๐ฅณ
Minutes later, it dumped to $118K ๐คฏ
Chaos triggered massive liquidations across derivatives markets (CoinGlass data shows billions wiped out).
๐ What This Means:
No fresh โgovernment pumpโ from US BTC buys.
Hodlers still bullish โ fewer government sell-offs = stronger long-term supply squeeze.
๐ก Question for you: Is this bearish FUD or a bullish supply shock waiting to play out?
๐ฅ Drop your thoughts below & letโs debate
#MyTradingStyle ๐
